TAXATION

[getaddicted]

Hello Everyone, I just want everyone's Review on Taxataion

Just would like to know if you file an ITR in india.. And you earn money through Domaining and parking. how do u provide Details in ITR. Do you show up or u dont..

If yes then Any idea on any rebates kinda stuff as foreign money comming in.

Just want reviews. Coz right now im showing all my Doamining money in ITR and i need to pay lods of Tax for that.. So just want any TWEAKS


Would appreciate you feedback..

thank u

 

[Roogle]

I am a little unsure of the taxation process for our business. I know that some affiliate programs require you to fill out taxation forms, and I have seen an example of an affiliate program that sends you a taxation form based in the United States.

What am I unsure of, in India or the United States, is how to how to legitimize one's business by means of taxation. Luckily, my sister is an accountant, and I will have her assist me when the proper time comes.

 

[Chocokriz]

Never hesitate to consult an accountant. Sometimes, they will get you more money back and more of your time back!

 

[nick]

You might be ofcourse getting it as a check or a wire trasnfer.
The best way to stay clear it to show the statement of bank where the money is deposited. Along with the expenses that occured to you.

Also there are some schemes which are tax exempted. Like I did invested some money in Flexi-life plans and it was tax exempted under section 10-D

Mutual funds, shares, Govt Bonds. I think your nearest Chartered accountant will be knowing more then me so it will be a good idea to contact him.

 

[getaddicted]

thanks for the info though..

I know the taxation stuff and i also have invested lods of money in mutual funds and lic policy and stuff.. but u have some limit every year after that u need to pay your tax.........


Anyways just wanted to see Something where we can get some rebate from goverment or some ways to save tax

thanks though